(MENAFN- UkrinForm) Head of Cherkasy Regional State Administration Oleksandr Skichko and President of the Ukrainian-Arab Business Council Sheikh Emad Abu Alrub have signed a memorandum of cooperation between the region and the council.
Ukrinform reports this with a reference to Cherkasy Regional State Administration's press service.
"We are expanding the borders of international cooperation. Among the priority tasks is finding and attracting partners and investors for the region's enterprises. Promising, among others, is the Arab direction," said the governor.
According to the administration, in the first five months of this year, the volume of bilateral trade between the enterprises of Cherkasy region and the Arab countries amounted to almost $51 million.
The enterprises of the region carry out foreign economic operations with 16 Arab countries. The largest volumes of goods were exported to Oman, Egypt, Morocco, Libya and Algeria.
The regional state administration added that investments from Egypt and Jordan come to three enterprises in the region, specializing in sawmilling, renewable energy, vehicle production, and the food industry.
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